Phillips Foundation, Lorillard Commit Millions to Performing Arts Center
YES! WEEKLY
GREENSBORO, N.C. (May 22, 2013) — The proposed downtown Greensboro performing arts center needs at least $20 million in private funds to become a reality, but fundraising efforts took a significant leap forward in the last week with the announcement of two pledges totaling $4.5 million.
The Phillips Foundation announced on Monday that it would commit $3.5 million to the performing arts center, according to a press release. The announcement came just a few days after Lorillard declared it would give $1 million towards the project, the Business Journal reported. The commitments are the first two private sector donations for the center to be made public “We view the Greensboro performing arts center as a once-in-a-generation type of project for this city,” Phillips Foundation Executive Director Elizabeth Phillips said. “We believe GPAC will have an enormous impact on the quality of life in Greensboro and on attracting young families to live and work here long-term.”
Phillips Foundation is a private family foundation and catalytic capital platform that leverages its assets to maximize social, environmental and financial value.
